Russian residential developer PIK Group announced that the purchase of 11.35 hectares in Chertanovo, in the south of Moscow. The London-listed company said it plans to develop over 75,000 m[sup]2[/sup] of residential housing, the remainder to be assigned for the underlying infrastructure, including schools and a kindergarten. The location has a population of 1.3 million.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
